TMK 09 Eurobonds Repayment

29 Sep 2009 15:44

September 29, 2009 PRESS RELEASE

TMK Repays First Eurobonds 

TMK, a leading global producer of steel pipes for the oil and gas sector, today announced that it carried out the repayment of its first Eurobonds issue of USD 300 million and proceeded to its sixth coupon payment of USD 12.75 million.

The aggregate amount paid out was USD 312.75 million. The repayment of the Eurobond was financed through a USD 300 million loan from VTB.

TMK's first Eurobonds issue was placed in September 2006 at an annual rate of 8.5% for a period of three years.

"Thanks to the support of strategic partners such as VTB, TMK continues to successfully refinance its short-term obligations and improve its debt profile in these challenging financial times," said Alexander Shiryaev, TMK CEO.

TMK (www.tmk-group.com)

TMK (LSE: TMKS) is the largest pipe producer in Russia and one of the three global market leaders. 

In 2008, TMK shipped over 3.2 million tonnes of pipes. TMK supplies to companies in more than 65 countries.

TMK production facilities are located in Russia, the United States, Romania and Kazakhstan

Volzhsky Pipe Plant

Seversky Tube Works

Taganrog Metallurgical Works

Sinarsky Pipe Plant

TMK IPSCO

TMK-Europe

TMK-Kaztrubprom

TMK Oilfield Services

TMK-Premium Service

For further information please contact:

TMK IR Department

Alexei Ratnikov / Olivier Harvey

Tel: +7 495 775 7600

Email: IR@tmk-group.com

TMK PR Department

Alexey Sotskov

Tel: +7 495 775 7600 ext. 2125

Email: PR@tmk-group.com